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If you’re looking for a way to better your credit, the BankAmericard Secured was designed to do just that. After you make an initial, refundable deposit, you’ll be able to begin building a positive credit history. In time, you may be able to apply for better cards that offer rewards and useful perks.
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
Intro Balance Transfer APR | N/A |
Regular Balance Transfer APR | 22.99% Variable |
Balance Transfer Fee | 3%, $10 minimum |
Penalty APR | N/A |
Late Fee | Up to $40 |
Returned Payment Fee | Up to $29 |
Additional Cards Annual Fee | N/A |
Foreign Transaction Fee | 3% |
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
Cash Advance APR | 27.24% Variable |
Cash Advance Fee | 3%, $10 minimum |
Bank of America has several card types depending on your needs.
You can usually pay your bill online on your
Credit card issuer's websiteThe BankAmericard® Secured Credit Card lives up to its name. Not only does it help cardholders establish and restore their credit as a secured card, it also provides added security for shopping and banking online.
A minimum deposit of $300 is required to open this account. The maximum credit line, up to $4,900, is determined by your income, the amount of the security deposit, and your ability to pay. After 12 months, Bank of America may review your account and give your security deposit back.
This card has no annual fee.